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Nov 17 - 05:55 PM

AUD/USD - Risk Aversion, Sliding Commodities, Yen Gains Weigh

By Krishna K  —  Nov 17 - 04:05 PM
  • AUD/USD likely to stay offered as risk aversion hits markets on Friday

  • Wall St sinks on Powell rate-cut caution, Trump cabinet picks; S&P 500 -1.3%

  • Strong U.S. data feeds doubts about Fed December rate cut

  • Lower commodities weigh on AUD; Dalian iron ore drops to a near 2-month low

  • China's Oct data shows soft economic underbelly, undermines AUD sentiment

  • AUD/JPY selling ahead of BOJ Governor Ueda's speech Monday caps AUD

  • 0.6441 support break opens 0.6408, Apr 22nd low; major base at 0.6348-0.6362

  • Resistance 0.6490-0.6500, 0.6515-20; Friday range 0.6483-0.6482

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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